Serious investment thinking that doesn’t take itself too seriously.
Central banks hate shocks, but the shocks they hate the most are adverse supply-side shocks: the kind that simultaneously threaten to damage economic activity and inflict upward...
The decision by the Bank of England’s rate-setting committee to reduce Bank Rate from 5.25% to 5% on 31 July was clearly a nail-biting affair, succeeding by the narrowest of...
This article is part of our Premium Content Stream, a new Property Chronicle initiative to bring you additional high quality analysis of multiple asset classes. It is currently...
Like a pillion passenger leaning in the opposite direction to the rider, UK banks’ behaviour has become perverse and dangerous. Banks are engaged in an elaborate risk management...
Despite the recovery of energy prices and its reflection in transport inflation, there remains a net disinflationary bias among advanced economies as core inflation rates drift lower.
While the overall picture is clearly disinflationary, notably in Asia ex-Japan and US, core inflation is stickier in Europe and Japan. It is a concern that energy prices may have bottomed out and annual comparisons could turn unfavourable later in the year. Labour markets remain very tight and there is little sign of wage deceleration.